Finance Terms Worksheet

The lending of funds to a person or company to cover the cost of an insurance premium.
An agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future
A proceeding that legally releases a person from repaying a portion or all debts owed.
An individual or companies income before taxes and deductions
The fair market value of a home minus unpaid mortgage principal and liens.
A company’s legal financial debts or obligations that arise during the course of business operations.
A type of security that signifies ownership in a corporation and represents a claim on part of the corporations assets and earnings.
The owners investment in the business minus the owners withdrawals from the business plus the net income since the business began.
The amount at which assets exceed liabilities
Things owned by a person that have cash value
Interest calculated on the initial principal and the accumulated interest of previous periods of a deposit or loan
An additional person who signs a loan document and takes equal responsibility for the debt
The minimum amount that a credit card company requires you to pay toward your debt each month.
A charge sometime required by credit card companies for use of an account
An asset that can be converted into cash quickly
A financial plan for a defined period of time
The money aa borrower pays for the ability to borrow from a lender or creditor
The individual who is requesting the loan and who will be responsible for paying it back.
Money, property or other material goods given to another party in exchange for future repayment
An assets you put money into with the hope that it will grow or appreciate into a larger sum of money
A fixed income investment in which an investor loans money to an entity which borrows the funds for a defined period of time at a variable or fixed interest rate
A charge a consumer pays for making a required minimum payment on a credit card after the due date
A card issues by a financial company which allows the cardholder to borrow funds
An entities income minus cost of goods sold, expenses and taxes for an accounting period